Liu Ying Vivian 4

Accession 0000950170-23-043343

CIK 0001822250other

View on SEC.gov Company Profile

Filed

Aug 16, 8:00 PM ET

Accepted

Aug 17, 9:28 PM ET

Size

14.7 KB

Accession

0000950170-23-043343

Insider Transaction Report

Form 4

Period: 2023-08-15

ContextLogic Inc.WISH

Liu Ying Vivian

Chief Financial Officer

Transactions

Tax Payment
Class A Common Stock
2023-08-15$5.57/sh−12,139$67,614→ 45,296 total
Exercise/Conversion
Restricted Stock Unit
2023-08-15−11,904→ 107,143 total
Exercise: $0.00→ Class A Common Stock (11,904 underlying)
Exercise/Conversion
Class A Common Stock
2023-08-15+24,481→ 57,435 total
Exercise/Conversion
Restricted Stock Unit
2023-08-15−6,430→ 38,580 total
Exercise: $0.00→ Class A Common Stock (6,430 underlying)
Exercise/Conversion
Restricted Stock Unit
2023-08-15−6,147→ 55,318 total
Exercise: $0.00→ Class A Common Stock (6,147 underlying)

Footnotes (7)

[F1]The Reporting Person received restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of August 15, 2023.
[F2]Includes 166 shares acquired under the Issuer's employee stock purchase plan on May 19, 2023.
[F3]Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
[F4]This reported transaction represents the settlement of RSUs vested as of August 15, 2023.
[F5]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on February 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
[F6]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 1/12th of the RSUs will vest on a quarterly basis beginning May 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to the procedures the Company my prescribe at its discretion).
[F7]Subject to the Reporting Person's continuous service, 10% of the RSUs will vest on a quarterly basis beginning on May 15, 2023 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).

Documents

1 file

4
ownership.xmlPrimary
4

Issuer

ContextLogic Inc.

CIK 0001822250

→

Entity typeother

Related Parties

filerCIK 0001889362

Filing Metadata

Form type: 4
Filed: Aug 16, 8:00 PM ET
Accepted: Aug 17, 9:28 PM ET
Size: 14.7 KB

View on SEC.gov